Foreign Trade Policy By Six Months: The Union Commerce Ministry announced the extension of the existing foreign trade policy by six months. The reason behind the development is currency volatility and global uncertainty. The ministry said, the geo-political situation is not suitable for long-term foreign trade policy. Earlier, the government had extended the due date […]
Category: Economics Current Affairs
Fund Of Funds For Startups
Fund Of Funds For Startups: Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 by the Prime Minister Narendra Modi has committed Rs. 7,385 crore to 88 Alternative Investment Funds (AIFs) as of 24th September 2022. These AIFs in turn have invested Rs. 11,206 crore in 720 startups. FFS has been […]
Banking System Liquidity
Banking System Liquidity: For the first time since May 2019, the banking system liquidity situation turned into a deficit mode of Rs 21,873.4 crore on September 20, 2022. Liquidity in the banking system refers to readily available cash that banks need to meet short-term business and financial needs. On a given day, if the banking […]
Rural Electrification Corporation : Maharatna Status
Rural Electrification Corporation : Maharatna Status Rural Electrification Corporation (REC) has been accorded the status of a ‘Maharatna’ Central Public Sector Enterprise (CPSE). REC is a Non-Banking Financial Company (NBFC), incorporated in 1969, focusing on Power Sector Financing and Development across India. It comes under the purview of the Ministry of Power. It has been […]
PM-CARES Fund
PM-CARES Fund: Ratan Tata, KT Thomas (former SC judge) and Kariya Munda ( former deputy speaker) have been appointed as trustees of the PM CARES Fund PM CARES ( PM Citizens’ Assistance and Relief in Emergency Situation Fund) was launched in 2020, following COVID-19 to combat, and containment and relief efforts against the coronavirus outbreak […]
Programme For Development Of Semiconductors And Display Manufacturing Ecosystem
Programme For Development Of Semiconductors And Display Manufacturing Ecosystem: The Cabinet has approved the certain modifications in the Programme for development of semiconductors and display manufacturing ecosystem in India These modifications are: Fiscal support of 50% of Project Cost on pari-passu basis for all technology nodes under Scheme for Setting up of Semiconductor Fabs in […]
Asia-Pacific Institute Of Broadcasting Development (AIBD)
Asia-Pacific Institute Of Broadcasting Development (AIBD): India’s Presidency of the prestigious Asia-pacific Institute of Broadcasting Development (AIBD) has been extended for one more year. This was unanimously decided by the AIBD member countries at the two-day General Conference of the Institute held in New Delhi. The Asia-Pacific Institute for Broadcasting Development (AIBD) was established in […]
Directorate Of Enforcement
Directorate Of Enforcement: In the eight years from 2014, the Directorate of Enforcement (ED) has investigated 121 prominent politicians and has arrested, questioned, raided, or filed FIRs against 115 major Opposition leaders. The Directorate of Enforcement (ED) is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime […]
Prompt Corrective Action Framework
Prompt Corrective Action Framework: Reserve Bank of India has removed the Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs). The Prompt Corrective Action norm is a supervisory tool and is imposed when a bank […]
National Logistics Policy 2022
National Logistics Policy 2022: The Government has launched a National Logistics Policy (NLP) 2022, aiming to achieve ‘quick last-mile delivery’, end transport-related challenges. Logistics encompasses planning, coordinating, storing, and moving resources —people, raw materials, inventory, equipment, etc., from one location to another, from the production points to consumption, distribution, or other production points. The term […]
